Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Business Leaders  >  All news

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 
HomeAll newsMost read newsBusiness Leaders Biography 
Birthday : 08/12/1930
Place of birth : Budapest - Hungary
Biography : George Soros lived the Hungary’s Nazi occupation. With Jewish origin, he was forced to change his...

Soros Fund Management buys new stakes in financials

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/15/2017 | 01:15am CEST
Business magnate George Soros arrives to speak at the Open Russia Club in London

Soros Fund Management, the firm that invests the personal fortune of billionaire investor and philanthropist George Soros, took a handful of new positions in financial stocks during the fourth quarter as the sector was buoyed by Donald Trump's presidential victory.

The New York-based firm disclosed a $14.9 million position in Goldman Sachs (>> Goldman Sachs Group Inc) and made a new bet on Bank of America (>> Bank of America Corp) worth $3.9 million. One of its biggest buys during the last three months of 2016 was a call option on the S&P Select Sector SPDR Fund - Financial Sector worth $72.6 million.

A number of asset managers bought into financial stocks during the final months of 2016 after Trump's surprise victory suggested that tax cuts and a reduction of regulatory burdens plus higher interest rates could benefit the financial sector.

Soros recently hired UBS executive Dawn Fitzpatrick to be the firm's chief investment officer, putting a woman in charge of his portfolio for the first time.

Soros sold his entire stake in Procter & Gamble (>> Procter & Gamble Co), while Trian Fund Management bought a stake worth $3.5 billion in the company.

(Reporting by Svea Herbst-Bayliss; Editing by Bernard Orr)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news about George Soros 
02/15 GEORGE SOROS : Soros Fund Management buys new stakes in financials
01/20 GEORGE SOROS : George Soros says Trump will fail and market's dream will end
01/19 GEORGE SOROS : George Soros, Mastercard to partner to aid migrants, refugees
2016DJGEORGE SOROS : Soros Fund Acquires Shares of Brazil's Petrobras
2016 GEORGE SOROS : Billionaire Soros to invest $500 mln to help migrants, refugees
2016 GEORGE SOROS : Soros had Deutsche Bank 'short' bet at time of Brexit fallout
2016 GEORGE SOROS : George Soros did not bet against sterling just before Brexit vote - spokesman
2016 GEORGE SOROS : Investor George Soros calls for reconstruction of EU after 'Brexit' vote
2016 GEORGE SOROS : Soros says pound fall after Brexit would be bigger, more disruptive than 'Black Wednesday'
2016 GEORGE SOROS : Soros sees Russia emerging as global power as EU fades
2016 GEORGE SOROS : Soros Fund Management doubles bet against the S&P 500 in first quarter
2016 GEORGE SOROS : filing
2016 GEORGE SOROS : Hedge funds betting against China eye 'Soros moment'
2016 GEORGE SOROS : Bloomberg
2016DJGEORGE SOROS : Soros Taps Ted Burdick as Investment Chief
1  2  3  4  5  6  7  8  9  10Next

Advertisement
Most Read News 
03/24DJCHARLES SCHWAB : ProShares No Longer Wants to Pay Charles Schwab to Sell Its ETFs
03/24 RICHIE BOUCHER : Bank of Ireland CEO Boucher to retire before year-end
03/22 PING LI : Container shipping lines ordered to testify in U.S. sector probe
03/22 HOWARD SCHULTZ : Starbucks CEO Schultz to host last shareholder meeting
03/23DJJOSEPH PAPA : Valeant CEO Joseph Papa Was Paid $62.7 Million in 2016
03/23 WILLIAM ACKMAN : Ackman's Pershing Square Holdings seeks London listing
03/23DJROBERT IGER : Disney Extends CEO Iger's Tenure to 2019
More news

Popular Business Leaders 
William Ackman Alain Afflelou Bernard Arnault Max Azria Mary Barra Yannick Bolloré Warren Buffett Jean-paul Clozel Gary Cohn Tim Cook Leonardo Del Vecchio Michael Dell Jamie Dimon Klaus Engel Bill Gates Carlos Ghosn Stuart Gulliver Peter Hancock David Henry Carl Icahn Anshu Jain Isabelle Kocher Arnaud Lagardère Maurice Lévy Jack Ma Sergio Marchionne Marissa Mayer Lakshmi Mittal Rupert Murdoch Elon Musk Robert Peugeot Ferdinand Piëch Patrick Pouyanné Sumner Redstone Alexandre Ricard Wilbur Ross Charles Schwab Carlos Slim George Soros Rupert Stadler Bernard Tapie Ratan Tata Tidjane Thiam François Villeroy De Galhau Axel Weber Thomas Wilson Martin Winterkorn Dieter Zetsche Mark Zuckerberg
A-Z Business Leaders